RumbleOn Inc reports results for the quarter - Earnings Summary

RideNow

12/11/2024 15:46

* RumbleOn Inc  RMBL.OQ  reported a quarterly adjusted loss
of 32
cents​​ per share for the quarter , higher than the same quarter
last year, when the company reported EPS of -99 cents.  The mean
expectation of four analysts for the quarter was for a loss
of 16 cents per share. Wall Street expected results to range
from -34 cents to -2 cents per share.
    * Revenue fell 12.8% to $295.00 million from a year ago;
analysts
expected $301.43 million. 
    * RumbleOn Inc's reported EPS for the quarter was a loss
of 32
cents​.
    * The company reported a quarterly loss of $11.2 million.
    * RumbleOn Inc shares had risen by 18.6% this quarter and
lost 30.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is  "buy."

Wall Street's median 12-month price target for RumbleOn Inc is
6.75 
This summary was machine generated from LSEG data November 12 at
03:46 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.16          -0.32          Missed
 Jun. 30 2024      -0.09          -0.02          Beat
 Mar. 31 2024      -0.33          -0.29          Beat
 Dec. 31 2023      -0.51          -7.81          Missed